Correction: “The United States has 2.4 percent of the world’s “proven” oil reserves: that is, oil we know is there and can be pumped using existing technology”
http://www.publicagenda.org/whoturnedoutthelights/world-oil-reserves
This includes what is used now. Not from shale oil, undiscovered or protected-area oil fields, or undeveloped resources. We are the Saudi Arabia of coal and have truly vast natural gas resources that remain untapped, from under the Great Lakes down to the beds under Utah that were set aside by Bill Clinton.
0bama’s figures are therefore bogus on their face. It is not that we have 2% of the oil reserves in toto, let alone what we can recover using newer technologies, but rather that we have 2.4% of the oil reserves currently being used.
BTW, Rush covered this today. If you don’t believe me, research it for yourselves.
When 0 starts out a paragraph with “Here is the truth.” as he does above, it’s the same thing as a liar starting out a statement by saying, “Now, I’m not gonna lie to you,”: You know he’s about to tell a whopper.
We’re just beginning to tap our natural resources. If idiots like Obama would get out of the way we could have cheap oil and more natural gas than we know what to do with.
I bet the US produces substantially less than 2% of the world’s lithium yet consumes gulps of it making batteries for electronic devices and automobiles. And Obie wants us to become more dependent on big lithium..